Veterans with an existing VA mortgage have seen that interest rates are at record lows for Streamline loans or what we call IRRLs, Interest Rate Reduction Loans. This, of course, is a great opportunity for Veterans to save hundreds of dollars in monthly mortgage payments, by doing a streamline refinance to get into those low
In 2020, the Veterans Administration has recently ended down payments for VA Jumbo loans. Previously, for Jumbo loans, including loans up to $765,000 in designated areas of the US including some in Colorado, the veteran would make a down payment that was a certain percentage of the loan, based on their guarantee available from the
A Veteran’s Administration or VA jumbo loan is used when a veteran needs a mortgage above $453,150, the current limit for conventional mortgages. For veterans looking to purchase a home, the best reason to consider a VA jumbo loan is that the interest rate today is in the mid 4% range on a 30 year